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Francis Avenue

Placerville, CA 95667
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3237 Francis Avenue, a rare updated 4-unit, investment opportunity in the historic Gold Country community of Placerville, CA. Situated just a short walk from the shops and restaurants of downtown Placerville, the property benefits from an irreplaceable location with strong tenant appeal. The building consists of four (2) two-bedroom, one-bathroom units, each averaging approximately 750 square feet. The spacious floor plans and walkable location have fostered long-term tenancy, providing a stable foundation with meaningful upside through repositioning and rent growth. Placerville's multifamily market is uniquely supply-constrained. With a population of 10,656 residents and zero new market-rate multifamily construction underway or planned, the city faces a severe shortage of rental housing. At the same time, high barriers to homeownershipdriven by elevated purchase prices and interest ratesfurther constrain mobility and reinforce demand for quality rental product. This dynamic creates a favorable environment for landlords, where the cost of renting continues to represent a meaningful discount to owning.

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Detail Ic Property Details

Property Type : Residential Income

Price : $875,000

AD Id : 79384520

MLS Id : 226066987

Living Area Size : 3,000

Year Built : 1963

County : El Dorado

  • Map Map

Map

Feature Features

  • Water/Sewer

    Sewer: Public Sewer
  • Flooring Information

    Vinyl, Wood
  • Interior Features

    Appliances: Free Standing Refrigerator, Gas Cook Top, Built-In Gas Range Laundry Features: In Each Unit, Other
  • Heating & Cooling

    Heating: Propane Cooling: Wall Unit(s), Window Unit(s) WaterSource: Public

  • Building Information

    Year Built: 1963 Stories: 2 Construction Materials: Stucco, Glass, Wood Foundation Details: Concrete, Slab
  • Exterior Features

    Foundation Details: Concrete, Slab
    Porch: Balcony/Deck
  • Laundry Features

    In Each Unit, Other

    Patio And Porch

    Balcony/Deck

  • Lot Information

    Lot Description: Central BBQ, Court Lot Square Feet: 7,841 Stories: 2 Main Square Feet: 3,000

    Property Information

    Property Type: Residential Income Sub Type: Quadruplex SQ ft (Living Area): 3,000 Construction Materials: Stucco,Glass,Wood Property Age: 63 Cross Street: Darlington Ave Source Neighborhood: 12701 Area: Placerville S: 95667 Zoning: R2 Living Area Source: Not Verified Structure Type: Apartments,Flats,Garden Apartments

    Farm Info

    Irrigation Source: Public District

  • Listing Price Information

    Listing Id: 226066987 List Price: $875,000 List Price Tot SqFt: $292

  • Tax Information

    Parcel Number: 051-263-009

  • Parking Information

    Parking Total: 6 Open, Street, Uncovered, Guest Parking Available

  • Elementary School District: Placerville Union
    Junior High School District: Placerville Union
    Senior High School District: El Dorado Union High
  • Utility Information

    Sewer Connected, Other
  • Location Information

    Direction: Property is near Marshall Hospital. Turn onto Darlington Ave from Cedar Ravine Rd, then turn onto Francis Ave.
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
#1 Goldner Street, Placerville, CA, 95667 $620,000 -- -- --
Greenhills Road, Placerville, CA, 95667 $999,000 -- -- 1,774 1,774 SqFt
Francis Avenue, Placerville, CA, 95667 $875,000 -- -- 3,000 3,000 SqFt
Sippy Lane, Placerville, CA, 95667 $650,000 -- -- 2,370 2,370 SqFt
Sippy Lane, Placerville, CA, 95667 $650,000 -- -- 2,370 2,370 SqFt
Manor Drive, Placerville, CA, 95667 $495,000 -- -- 1,560 1,560 SqFt
Sippy Lane, Placerville, CA, 95667 $665,000 -- -- 2,370 2,370 SqFt
Sippy Lane, Placerville, CA, 95667 $665,000 -- -- 2,370 2,370 SqFt
Anderson Way, Placerville, CA, 95667 $479,000 -- -- 586 586 SqFt
Woodridge Court, Placerville, CA, 95667 $770,000 -- -- 2,928 2,928 SqFt

ByOwner last updated this listing 06/05/2026 @ 08:00

MLS: 226066987 LISTED BY: Isaac Merritt, ALIVE Commercial Real Estate SOURCE: MLS Metrolist

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